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Yuga Labs and Magic Eden to Launch Ethereum Marketplace With Enforced Royalties

Yuga Labs, a major player in the Web3 industry known for projects like Bored Ape Yacht Club and CryptoPunks, has announced a collaboration with NFT platform Magic Eden to launch the first major Ethereum marketplace with a contractual obligation to uphold creator royalties. The marketplace is set to launch before the end of the year. Yuga Labs and Magic Eden have made it clear that respecting creator royalties is non-negotiable and will only collaborate with platforms that share this principle. The partnership aims to create a more just and rewarding environment for content creators in the Web3 space.

Yuga Labs Magic Eden NFT
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